Jeff Bezos has not paid taxes on the wealth that he has. He is worth a bazillion dollars. He has not paid taxes on all of that wealth. ... In fact, Jeff Bezos, many years, has either paid nothing in taxes or has paid 1%. — Sen. Elizabeth Warren
Jeff Bezos has not paid taxes on the wealth that he has. He is worth a bazillion dollars. He has not paid taxes on all of that wealth. ... In fact, Jeff Bezos, many years, has either paid nothing in taxes or has paid 1%. — Sen. Elizabeth Warren
Elizabeth Warren makes fresh push for wealth tax – 'Yes, Jeff Bezos, I'm looking at you'
  • Sen. Elizabeth Warren reignited her push for a tax on the wealth of the richest Americans and called out billionaire Amazon founder Jeff Bezos.
  • “It shouldn’t make a difference whether you have real estate, or whether you have cash or whether you have a bazillion shares of Amazon. Yes, Jeff Bezos, I’m looking at you,” Warren said.
  • During her 2020 presidential campaign, Warren proposed a 2% annual “ultra-millionaire tax” on net worth over $50 million.
A wealth tax, one of the most hotly debated tax proposals, has grown in popularity with populist and progressive politicians as a means to combat economic inequality.

During her 2020 presidential campaign, Warren proposed a 2% annual "ultra-millionaire tax" on net worth over $50 million and 6% on fortunes of more than $1 billion. The revenues generated from such a tax — $2.7 trillion over a decade, according to the Wharton School — would have been deployed to improve health care, child care, housing and education programs.

Warren mentioned Bezos multiple times during her interview, arguing that he and others have unfairly avoided paying into the U.S. tax system thanks to low annual book income and borrowing against his most valuable asset — his Amazon stock holdings.

"Jeff Bezos has not paid taxes on the wealth that he has," she said. He is worth "a bazillion dollars. He has not paid taxes on all of that wealth. ... In fact, Jeff Bezos, many years, has either paid nothing in taxes or has paid 1%."


Her barbs at Bezos came just over a week after the e-commerce tycoon rocketed to the edge of space with his space-tourism company, Blue Origin.
Read the full article: https://www.cnbc.com/2021/07/28/elizabeth-warren-targets-jeff-bezos-in-wealth-tax-push.html